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Question by:
Lynne Featherstone
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Meeting date:
17 November 2004
Yes, the Liberal Democrats are pro-bond. What came up at committee was the real fear of - and what I worry about with TfL is - the slippage, the risk, and the underwriting. That is the real difficulty; it is perhaps the confidence one has, having watched projects, having watched what is happening, say, on the slippage in the private contractors that you are meant to be controlling under the PPP. Actually, if it goes wrong beyond the £270,000, then what? The risks are huge here.